FOSTER W KIM 4
4 · HEXCEL CORP /DE/ · Filed May 15, 2018
Insider Transaction Report
Form 4
FOSTER W KIM
Director
Transactions
- Award
Common Stock
2018-05-11+3→ 9,195 total - Award
Dividend Equivalent Rights
2018-05-11+2.86→ 1,597.86 total→ Common Stock (2.86 underlying)
Footnotes (2)
- [F1]Constitutes shares of Issuer common stock issued in respect of dividend equivalent rights ("DERs") pertaining to restricted stock units ("RSUs") that initially were granted on May 4, 2017 and were outstanding as of the May 4, 2018 record date for the Issuer's dividend paid to stockholders on May 11, 2017. As previously reported, other shares underlying the RSUs granted on May 4, 2017 were distributed to the Reporting Person on May 9, 2018. Fractional dividend equivalent RSUs were cancelled.
- [F2]The DERs accrued with respect to RSUs previously granted to the Reporting Person, which RSUs vest ratably over the twelve months following the date of grant and will be issued to the Reporting Person following the first anniversary of the grant date. Each DER represents a contingent right to receive one share of Issuer common stock upon delivery of the related RSUs to the Reporting Person.